Shares of Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.25 and traded as high as $9.32. Blackrock Resources & Commodities Strategy Trust shares last traded at $9.20, with a volume of 158,596 shares trading hands.
Blackrock Resources & Commodities Strategy Trust Price Performance
The company’s 50-day moving average is $9.25 and its 200 day moving average is $8.99.
Blackrock Resources & Commodities Strategy Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.0518 per share. This represents a $0.62 annualized dividend and a yield of 6.76%. The ex-dividend date is Monday, July 15th.
Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust
Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 41.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,883,061 shares of the investment management company’s stock valued at $16,722,000 after purchasing an additional 550,047 shares during the period. International Assets Investment Management LLC lifted its position in Blackrock Resources & Commodities Strategy Trust by 788.4% in the 4th quarter. International Assets Investment Management LLC now owns 456,329 shares of the investment management company’s stock worth $40,520,000 after buying an additional 404,962 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 15.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,490,913 shares of the investment management company’s stock valued at $22,617,000 after buying an additional 329,511 shares during the period. Twin Focus Capital Partners LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at $1,220,000. Finally, Quantedge Capital Pte Ltd increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 146.5% in the fourth quarter. Quantedge Capital Pte Ltd now owns 169,763 shares of the investment management company’s stock worth $1,507,000 after acquiring an additional 100,900 shares during the last quarter.
Blackrock Resources & Commodities Strategy Trust Company Profile
Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.
Further Reading
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